Question ID: 2489
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: N/A
Template: S.20.01, S.21.01, S.21.02, S.21.03
Status: Revised
Date of submission: 20 Sep 2022
Question
Can EIOPA confirm the following on change (from 31.12.2023, as outlined in the draft business package supporting SII taxonomy 2.8.0) to include a 90% de minimis threshold to QRTs S.20.01, S.21.01, S.21.02 and S.21.03.
Can you please confirm that the denominator for making this coverage calculation is:
- all non-life lines of business, ie. including accepted reinsurance LoB
- is gross of reinsurance ceded
- technical provisions, i.e. Best Estimate pus risk margin
EIOPA answer
Revised answer on 06/12/2023:
The denominator of the thresholds in S.20.01, S.21.01 and S.21.03 should be based on technical provisions (i.e., best estimate plus risk margin) gross of reinsurance only for direct business (i.e., excluding accepted reinsurance). S.21.02 does not include a 90% threshold as its scope is limited to the largest non-life net single underwriting risks.
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(Old answer:
EIOPA confirms the approach for defining the denominator in the calculation of the 90% threshold to QRTs S.20.01, S.21.01, S.21.02 and S.21.03.)